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Nonprofit · EIN 66-0725543

INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC

Tax-exempt · AGUADILLA, PR 00604

Financials

$440K$443K2023$486K$474K2024
Revenue Expenses · by fiscal year end
Financials of INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$485,677$473,559$12,118$100,040$4,780$95,260
December 31, 2023990$439,576$442,980-$3,404$89,189$6,047$83,142
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$33,532
Program service revenue
$452,145
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$294,605
Salaries, compensation and benefits (total)
$329,468
Professional fundraising fees
$0
Accounting fees
$5,700
Depreciation
$12,354
Program services (functional)
$381,454
Management and general (functional)
$92,105

Balance sheet and other

Total assets, start of year
$89,189
Total assets, end of year
$100,040
Total liabilities, end of year
$4,780
Net assets, end of year
$95,260
Land, buildings and equipment
$61,682
Net assets without donor restrictions
$95,260
Gross receipts
$485,677
Employees
0
Volunteers
7

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Arlennee MoralVICE PRESIDENT
Key employee
8$25,513
ERICA MULCHAYPRESIDENT
Officer
8$0
STEVE BLOODTreasurer
Officer
8$0
KEISHA CARABALSECRETARY
Officer
8$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
ERICA MULCHAYPRESIDENT
Trustee or director
8$0
ARLENEE MORALEVICE PRESIDENT
Trustee or director
8$0
STEVE BLOODTREASURER
Trustee or director
8$0
KEISHA CARABALSECRETARY
Trustee or director
8$0

Address and contacts

Address (IRS master file)
PO BOX 6161, AGUADILLA, PR 00604-2200
Principal officer (990 for 2024)
MARGARET MAYER, CARR 110 KM 305, AGUADILLA, PR 00603
Signed the 990
MARGARET MAYERS, PRESIDENT
Phone
(787) 890-0339

Mission

To offer several programs inspired by the Waldorf pedagogy system to ensure a correct learning process for our children

990 for the year ended December 31, 2024

Program accomplishments

  • Education Services
    Expenses $381,482 · revenue $452,145

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
66-0725543
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B21)
Assets (IRS master file)
$100,040
Income (IRS master file)
$485,677

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$485,677$473,559$100,040XML
990December 2023$439,576$442,980$89,189XML
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0725543).

Questions about INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC

What is the EIN of INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC?
The employer identification number (EIN) of INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC is 66-0725543.
Is INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC?
The 990 for the year ended December 31, 2024 names MARGARET MAYER.
Who are the officers and directors of INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $25,513 (Arlennee Moral, VICE PRESIDENT).
How much revenue does INITIATIVE FOR INDEPENDENT SCHOOLING IN PUERTO RICO INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $485,677, expenses of $473,559 and total assets of $100,040 at year end.

Other nonprofits in AGUADILLA

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